Originally, everyone thought Bitcoin would rise, but who would have thought it would directly perform a 'rocket launch'? The key point is that there haven't been any explosive positive news recently, and this surge has genuinely left everyone dumbfounded.

Why did it suddenly spike? To put it simply, there are two reasons:

First, the shorts shot themselves in the foot. As the price rises, these bearish individuals become more obsessed, frantically adding to their short positions. As a result, the more they add, the greater the risk of liquidation, and in the end, they can only be forced to buy coins at a high price to close their positions, which has literally pushed the price up.